Base Oil Market Projected to Reach USD 46.73 Billion by 2030, Growing at a CAGR of 5%
Base Oil Market to Reach USD 46.73 Billion by 2030, Growing at a CAGR of 5% Summary: The global base oil market, valued at USD 33.21 billion in 2023, is projected to grow at a CAGR of 5% from 2024 to 2030, reaching approximately USD 46.73 billion by 2030. The market has faced challenges due to the Covid-19 pandemic, which disrupted supply chains and reduced demand in certain sectors. However, the recovery of industrial activities and increasing demand for high-quality lubricants are driving the growth of the base oil market. Get Sample Copy of this Report at: https://www.maximizemarketresearch.com/request-sample/105579/ A) Market Size: The base oil market was valued at USD 33.21 billion in 2023. The market is expected to experience robust growth with a projected compound annual growth rate (CAGR) of 5% from 2024 to 2030, potentially reaching USD 46.73 billion by the end of the forecast period. B) Scope and Research Methodology: Maximize Market Research provides...